Why Shares in Novo Nordisk Bumped Higher Today
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Shares in Novo Nordisk rose 6% following Pfizer's agreement with the Trump administration, which raised hopes for similar terms for other pharmaceutical companies. The agreement provides Pfizer a three-year grace period on tariffs, contingent on increased U.S. manufacturing. Novo Nordisk, with significant operations in North Carolina and a $4.1 billion expansion plan, may benefit from these developments, especially as it seeks approval for an oral weight loss drug.
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